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Liu Mingkang: asset bubble is threatening China's development

[Date:01-05-2010] Source: Quam  RSS Feed 
According to Bloomberg news report, China Bank Regulatory Commission (CBRC) Chairman Liu Mingkang wrote an article in Bloomberg on the 4th Jan, urging banking sector to support small and medium enterprises, and meanwhile guard against the rise of asset bubbles.
 
Liu Mingkang hoped that banks will be able to support the development of agriculture, health and energy industries. He also warned that a huge asset bubble is threatening China's economic development.



 

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